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Looking for some direction

My homeowners association, which is very small, 31 homes, wants a website so that we can put the bylaws online and a calander of events on line. We do not have very much stuff to put on there. So I am looking for some direction, we are very tight on funds, as a matter of fact I am thinking about donationing the money for the URL, and once again we have a very small amount of information that needs to go on the site. So the direction I am looking for is, would I be ok to go with some free web hosting site? Should I say away from free and go with one of the cheap places? Not real sure what to do as I am new to the hosting aspect. Your direction would be greatly appreciated. Please e-mail me at mvolger@aatfd.org with some direction. Thanks in advance.